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India’s H1, H2 growth rate may vary, says Icra

India’s H1, H2 growth rate may vary, says Icra
PTI
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First Published: Sun, Apr 19 2009. 10 54 PM IST
Updated: Sun, Apr 19 2009. 10 54 PM IST
New Delhi: India’s economic growth in the current fiscal may vary distinctly, with the first half witnessing a modest 6.5% fiscal expansion and the second at least 7%, says rating agency Icra.
“... financial year is likely to have fairly disparate levels of activity in the first and second halves. In the first half ending September, growth is likely to be modest at about 6.5%,” Icra said in its March bulletin on money and finance.
The first-half will witness industrial growth of about 4% and the services sector expansion at little under 9%, pushed up by continuing government expenditures, the rating agency said.
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First Published: Sun, Apr 19 2009. 10 54 PM IST
More Topics: Icra | Economy | Growth | GDP | India |